Specialist, Financial Risk Oversight and Reporting

Job Requisition ID: 11263  

Position Status: Temporary Full Time 

Position Type: Hybrid

•  Office Location: Halifax (NS); Calgary (AB); Montreal (QC); Ottawa (ON); Toronto (ON); Vancouver (BC)

Travel Requirement: Limited

• Language Designation: English Essential 
• Language Skill Levels (Read/Write/Speak): ZZZ 

Security Requirement:  Secret

Salary: Our salaries generally range from $ 84699.11 to $ 105873.89 and are based on qualifications and experience. 

About Cmhc

The work you do and the work we do together matters. We come to work every day with a common purpose: to contribute to a well-functioning housing system.

At CMHC, we hold ourselves accountable for our results and support our colleagues in their achievements. We thrive on collaboration, connecting across CMHC and involving the right people to get our work done. Our leadership style is guided by trust, where our leaders favour an adaptive approach based on the needs of their teams.

Join us and be part of a team that's committed to making a real difference and be part of something meaningful.

What’s in it for you

We’ve got the purpose, the people and the perks you need for a fulfilling career. Here’s the comprehensive and generous benefits you get when you’re a contract employee:

• Accrued vacation.
• Annual individual performance bonus.
• Group insurance coverage to support your well-being from day one.
• Support towards your personal and professional growth with training, mentorship and more.
• An inclusive workplace culture and environment.

About The Role

Join CRO’s Business Risk Oversight team where you will provide risk oversight in monitoring and managing financial risks to CMHC’s commercial and non-commercial solutions in support of strategic corporate objectives.  As a Specialist, Quality Assurance (Financial Risk Oversight), you will be a key contributor to monitoring and reporting on enterprise-wide business and financial risks related to Mortgage Loan Insurance, Securitization, Third-Party Credit, Capital Investments, Market, Liquidity and/or Housing Programs.  

This is a temporary position until July 2027.

We are currently hiring for two positions under this posting.

What You Will Do:

• Conduct independent oversight to ensure CMHC’s financial risk management and risk control activities are robust and effective.
• Serve as a subject matter expert to identify, assess, measure, monitor and report on key financial risks to the Corporation. 
• Employ a combination of quantitative and qualitative assessment techniques such as financial statement analysis (credit); internal data analysis (insurance, capital); risk policy compliance; risk appetite development or monitoring; consultation and collaboration with internal stakeholders; and more.
• Use tools, models and analytics to assess and measure financial risk exposure and oversee business results against risk appetite.
• Provide support and guidance to the business lines on risk management frameworks and policies to ensure effective management of risks and controls.
• Influence strategic direction, policy setting and business decisions through the use of analytics and risk assessment results.
• Remain current regarding regulatory guidance and industry-leading practices related to business and financial risk management and the housing market industry.
• Identify emerging issues and trends to inform decision-making.  Develop innovative solutions to complex problems.  Present key findings or recommendations to senior management.  

What You Should Have:

• Undergraduate degree in a relevant discipline such as finance, accounting, mathematics, economics or statistics.
• Minimum of 5 years of financial risk oversight experience or related relevant experience. 
• Demonstrated knowledge and experience utilizing risk management practices.
• Demonstrated experience in some of the following areas: housing finance, credit risk, rating methodologies, capital and liquidity management, mortgage loan insurance, understanding of financial products, etc.
• Strong communication and presentation skills with demonstrated expertise in articulating complex concepts to various levels of stakeholders.
• Demonstrated ability to conduct analysis to support problem-solving and decision-making.

It would be great if you also had:

• A professional designation, certification and/or specific training in risk management or financial analysis (e.g., Chartered Financial Analyst, Professional/Certified Risk Manager, Financial Risk Management, Chartered Professional Accountant, Certificate in Quantitative Finance). 
• Experience developing and maintaining stochastic projections and forward-looking capabilities to quantify risk and provide data-driven insights.
• Experience in data analytics and/or risk reporting leveraging programming capabilities like Python or R.
• Bilingualism in both official languages (English/French) would be considered an asset.

Posting closing date: Note, the competition will remain active until filled.

Our commitment to diversity, equity, and inclusion 

We’re committed to employment equity and encourage women, Indigenous Peoples, persons with disabilities, veterans and persons of all races, ethnicities, religions, abilities, sexual orientations, and gender identities and expressions to apply. We also welcome applications from non-Canadians who are eligible to work in Canada.

CMHC is an inclusive workplace where diversity of thought – and of people – are recognized, valued, and considered essential to achieving our mission.

Learn more about our commitment to diversity and inclusion 

What happens after you apply 

We know that applying for a new job can be both exciting and daunting, and we appreciate your effort. Learn more about our hiring process.  If you are selected for an interview or testing, please advise us if you require an accommodation.

If you applied before and you were not successful don’t worry – we're always posting new positions, so don’t hesitate to give it another shot. We’re excited to see what you bring to the table this time around!